March 2023 Issue
Full Stop: Mortgage lenders talk market slowdown after years of chaos
Between record-low pandemic-era interest rates and a massive swell of buying activity in northern Michigan, mortgage loan originators had plenty to keep them occupied a year ago.
“If we were at a 10 a year ago (in terms of mortgage loan activity), and somebody said, ‘Where are you right now?’ I’d say we’re probably at about a 3,” said Mike Nagy, vice president of mortgage lending for State Savings Bank. “In terms of business volume in our industry, it went from drinking water from a fire hose to trying to sip a frosty through a cocktail straw.”
While the …
Boat Race: Dealers still bullish on boating after COVID-era frenzy
Though temperatures remain cool and the threat of snow lingers, summer is just around the proverbial corner – as is boating season. And even after two years of record-breaking sales, dealers remain relatively cautiously optimistic about what 2023 holds.
“There was a spike in 2020, '21 and '22. There’s been a genuine resurgence in boating,” said Kyle Oleson, sales manager and self-described boating evangelist at Grand Bay Marine. “I think we all realize we won’t …
Public Health Emergency Over?: What's next for Medicaid and local hospitals
January 31 marked three years since Alex Azar, then-secretary of the United States Department of Health and Human Services (HHS), officially declared COVID-19 a nationwide Public Health Emergency (PHE).
Thirty-six months and 12 renewals later, that federal PHE designation remains in place, though many healthcare experts predict it will lift this spring.
The expiration of the PHE declaration would represent a major milestone in moving on from the pandemic. But it also impacts health insurance …
'Blockbuster' Legislation: SECURE 2.0 and its effect on your retirement
Retirement planning options are becoming more flexible for individuals and employers alike, thanks to SECURE 2.0, which was signed into federal law at the end of last December.
Part of the Consolidated Appropriations Act of 2023, SECURE 2.0 is the sequel to the 2019 SECURE Act. It offers several notable provisions that will roll out over the next few years.
Whether retirement is just around the corner or a few decades off, SECURE 2.0 is …